Search Notices:

Average US 30-year mortgage rate rises to 4.41 pct

WASHINGTON (AP) — Average U.S. rates on fixed mortgages rose slightly this week but remained near historically low levels.

Mortgage buyer Freddie Mac says the average rate for the 30-year loan ticked up to 4.41 percent from 4.40 percent last week. The average for the 15-year mortgage increased to 3.47 percent from 3.42 percent.

Mortgage rates have risen about a full percentage point since hitting record lows about a year ago.

A report released Tuesday by real estate data provider CoreLogic showed U.S. home prices rose in February from a year earlier at a solid pace, suggesting that a tight supply of available homes is boosting prices despite slowing sales.

Most economists expect home sales to rebound as the weather improves and the spring buying season begins.

Follow us on Facebook,
Twitter & RSS:

Sign-Up For Our FREE
email edition
Get the news first with our free weekly email